2020 MAD to ZAR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 MAD to ZAR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the MAD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 3, valuing the pair at 1.9227. Conversely, the yearly low was recorded on January 1, dropping to 1.4572.
This high-to-low spread represents a total annual volatility of 0.4656 ZAR. From a start-to-finish perspective, comparing the January average rate of 1.4995 to the December average rate of 1.6556, the exchange rate registered a net change of 10.41% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 1.9227 was up 18.94% compared to the 2019 peak of 1.6166, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 MAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2020.
MAD to ZAR Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1.7050, compared to 1.7624 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0573 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 0.2270 ZAR (High: 1.8235 / Low: 1.5965). On the other end, October was the most stable month, with a tight range of 0.0470 ZAR (High: 1.8069 / Low: 1.7599).
Growth Streaks & Declines
TrendsBetween January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0857 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2020: 1.8439) against the same month in 2019 (average: 1.4897), the exchange rate shifted by +0.3543 (+23.78%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.5638 | 1.4572 | 1.4995 |
| February | 1.6327 | 1.5289 | 1.5559 |
| March | 1.8235 | 1.5965 | 1.7237 |
| April | 1.9119 | 1.7642 | 1.8384 |
| May | 1.9227 | 1.7633 | 1.8439 |
| June | 1.8042 | 1.7150 | 1.7688 |
| July | 1.8314 | 1.7243 | 1.7556 |
| August | 1.9087 | 1.8091 | 1.8651 |
| September | 1.8524 | 1.7481 | 1.8132 |
| October | 1.8069 | 1.7599 | 1.7852 |
| November | 1.7641 | 1.6619 | 1.6995 |
| December | 1.6950 | 1.6108 | 1.6556 |